Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments and the balance sheet lines in which they are recorded

The following table sets forth the fair values of derivative instruments held by the Company as of December 31, 2017 and 2016 and the balance sheet lines in which they are recorded:

	Fair Value Asset (Liability)
	December 31, 2017			December 31, 2016			Balance Sheet Caption
Foreign currency forward	$	358		$	1,058		Prepaid/Other assets
Foreign currency forward	(2,243		)	(705		)	Other accrued expenses

Amounts recognized in other comprehensive earnings

Amounts recognized in Other comprehensive earnings (loss) for the gains (losses) on its net investment hedges were as follows:

	2017			2016			2015
(Loss)/gain on euro-denominated debt	$	(125,262	)	$	53,791		$	35,458
Loss on swiss franc cross-currency swap	—			—			(2,185		)
Total (loss)/gain on net investment hedges before tax	(125,262		)	53,791			33,273
Tax benefit/(expense)	43,842			(18,827		)	(11,646		)
(Loss)/gain on net investment hedges, net of tax	$	(81,420	)	$	34,964		$	21,627

Assets and liabilities measured at fair value on a recurring basis

The Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016 were as follows:

	December 31, 2017		December 31, 2016
	Level 2		Level 2
Assets:
Foreign currency cash flow hedges	$	358	$	1,058
Liabilities:
Foreign currency cash flow hedges	2,243		705